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Results for Block

6 stories, newest first

Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.

An ongoing bear market combined with wider global economic struggles has hit crypto firms hard, causing delays, staff layoffs, and AI pivots.

Nov 8, 2024 — Block, Jack Dorsey

Block, the Jack Dorsey-led firm behind Cash App, has announced that it is winding down TBD, its 'Web5' initiative.

May 1, 2024 — Block, Cash App

Transactions from Jack Dorsey's Block, Cash App, and Square are reportedly being investigated by federal prosecutors over compliance lapses.

Apr 3, 2024 — Block, Elon Musk

Elon Musk is using corporate funds from Twitter, the company he acquired from Jack Dorsey, to sue Dorsey’s crypto company, Block.

Apr 12, 2022 — Bitcoin, Block

Jack Dorsey's Block has partnered with Blockstream to break ground on an off-grid, solar-powered Bitcoin mining project in Texas.